Page 2035 - Company News

Cochin Shipyard to build first indigenous hydrogen-fuelled electric vessels

Inaugurating a workshop on Green Shipping, Sarbananda Sonowal said the project will be carried out by the CSL in collaboration with Indian partners

LG India eyes 30% growth in home appliances business in 2022

According to Deepak Bansal, Vice President, Home Appliances and Air Conditioners, LG did a good business in 2021 and the company has logged turnover growth of more than 20 per cent

OMA cinemas of France announces India rollout plan with PVR cinemas

Oma Cinema was designed by renowned French architect Pierre Chican, who has designed some of France's most avant-garde cinemas over the last 30 years

The M&A wave: Is there a pattern to what looks like a spate of media deals?

Digital is forcing a fundamental change in how people consume media and in the very definition of a media company, say analysts

Toyota to increase Urban Cruiser, Glanza prices on high input costs

At present, the Urban Cruiser is priced between Rs 8.88-11.58 lakh while the Glanza is tagged at Rs 6.39-9.96 lakh (ex-showroom Delhi), depending on the variants.

Insurtech platform Turtlemint raises $120 million in Series E funding

The latest funding round has valued Turtlemint at more than $900 million.

NCLT admits petition for CIRP against EPC firm McNally Bharat Engineering

Williamson Magor Group, which owns the firm, confirmed the development but indicated that options for resolution were still being looked at

Global chip shortage: Hero Electric reports zero dispatches in April

The automotive industry is still struggling with international chip shortage leading to loss of production

EV fires: Boom Motors recalls Corbett bikes, stops production temporarily

Boom will be the fourth company to recall its E2W brands involved in fire incidents, after Okinawa, PureEV and Ola Electric

Varroc Engg to divest lighting biz in Americas and Europe to French firm

It has signed a Euro 600 million transaction with Compagnie Plastic Omnium

Maruti Suzuki to go aggressive to regain market share in SUV segment

Fourth-quarter profit zooms 58% on boost from price hikes

Tata Motors has global ambitions for electric vehicles: N Chandrasekaran

Tata Sons Chairman N Chandrasekaran stresses the automaker's global plans for its EVs over the next three years

UltraTech Cement logs 48% YoY growth in Q4 net to Rs 2,620 cr, sales up 9%

Ebitda declined 16% YoY to Rs 3,165 cr, while Ebitda margins stood at 19.5% in Q4 versus 25.6% last year, as energy costs swelled in the period under review

Shell to buy Actis-owned renewables firm Sprng Energy for $1.55 bn in India

Deal to help Shell triple its renewable energy capacity in operation

Wipro logs 3.8% rise in Q4 profit; pegs FY23 revenue growth at 16-18%

The company said it saw a drop of 500 bps in attrition on a quarterly basis

Ambuja Cements: Holcim's stake sale is a crucial near-term trigger

With margins seen under pressure and analysts' target price of Rs 350-410, the gains otherwise are limited

Ahead of LIC IPO, Paytm Money lets HNIs place Rs 5 lakh of bids via UPI

The company said it is also offering free demat accounts for lifetime to all

GIC Pte, ADIA and Norway Sovereign Wealth Fund to invest in LIC IPO

Norges Bank Investment Management, GIC Pte and Abu Dhabi Investment Authority will be among the anchor names due to be announced Monday, the people said, asking not to be identified

Apollo Global Management may lend $1 bn to JSW for Ambuja Cements buy

The group is in talks with several sovereign funds based in west Asia to acquire Ambuja Cements

Star9 Mobility to buy 51% govt stake in Pawan Hans for Rs 211.14 cr

This is the second successful privatisation in the civil aviation space after the Air India sale